M&I sees Q4 charge-offs of $195 mln

Dec 17 (Reuters) - Marshall & Ilsley Corp MI.N,
Wisconsin's largest bank, said it expects charge-offs of up to
$195 million and loan loss provision of up to $235 million in
the fourth quarter.

The company also incurred a one-time, after-tax charge of
$48 million related to the retirement of $1 billion of Puttable
Reset Securities. It expects to recover this charge through
lower financing costs over the next about three years.

On Nov. 1, the separation of Metavante Technologies unit
from M&I was completed resulting in a gain to M&I of $526
million, the company said.
(Reporting by Purwa Khandelwal in Bangalore; Editing by Amitha
Rajan)